Emilio borrows $1200 from a bank with 8% simple interest per year. How much interest will he have to pay back in 2 years?

Simple Interest equation is I=p×r×t
P= is the principal amount (1200)
R= is the interest rate per year (8% or 0.08)
T= time in years (2)

I= 1200 × 0.08 × 2= 192.00

Interest is 192.00